joining us is richard dunbar, investment director at aberdeen standard investments.een arrows were european markets today. the asian markets were at best pretty flat, and yet we are trying to digest this bombshell of a new trade war?m and yet we are trying to digest this bombshell of a new trade war? it is a balance of two things from donald trump. a few months ago, we had the tax cuts which he promised when on the campaign trail. that was positive for markets. on the negative side, he also promised trade sanctions, and we are getting that in spades today. so the markets are balancing reasonable growth globally and reasonable profits from globally and reasonable profits from global companies against what is undoubtedly a subtraction of growth and profits in terms of the trade actions. is it becoming a trend in markets, this sort of non—reaction to what is coming out of the trump administration? back in the day, the moment trump said junta, they would alljump. moment trump said junta, they would all jump. whereas we moment trump said junta, they would alljump. whereas

the investment director at fidelity personal investing is with me today. talk about turkey then, just give us your take on the economic outlook. president erdogan has said in his election campaign, the economy essential to something he really wa nts economy essential to something he really wants to tackle that there are some serious concerns about the short—term outlook. are some serious concerns about the short-term outlook. absolutely, so turkey has gone from being an investor ‘s's darling, the giant of emerging markets, to junk investor ‘s's darling, the giant of emerging markets, tojunk status. at two things that are really concerning. one, double—digit inflation, two, the decrease in the currency. of course, as the us dollar strengthens, that means debts become more and more expensive to repay and that is a real concern and there are question marks over whether his focus is in the right area. we mentioned an introduction that one of the reasons why the lira has sunk in value to a great degree is of course concern about the power he has got. as he is r

maike currie, investment director at fidelity personal investing joins me now.ossible trade war that it could have on its economy. absolutely. if you look at the date it is scheduled to have —— happen on the fifth ofjuly, the day before president trump's trade tariffs come in against china. what this will do it will boost liquidity, a cash injection into the economy at a time where there are other concerns the ikonomidis lowing and we have seen this in the market. this is the beauty of china, it is about scale. china is such a big country with degree sources, unlike other countries that perhaps wouldn't fare so countries that perhaps wouldn't fare so well if it were not facing huge paris. absolutely. and the amount they are injecting is about three times the impact of those trade tariffs. what it will do is it will free up a lot of money for small and medium companies, china has been explicit that it shouldn't be used for the zombie companies and it will be interesting to see how this unfolds as president trump and up the rhetoric for china. —— amps. banks are c

tom stevenson, the director of investment at fidelity. germany's june of discontent is not just football -- germany's june of discontent. it is not just football causing merkel's woes. bea: michael rob will speaking on the first day of the eu summit. we will bring you the rest -- we will bring you the best of that interview. this is bloomberg. ♪ anna: good morning, everybody. 6:19 in london. 1:19 in singapore, where we find juliette saly. disney has won antitrust approval for its purchase of 21st century fox's entertainment assets, raising hurdles for a potential rival bid from comcast. they will sell 22 regional sports networks to resolve the justice department's can turn that the deal will raise prices for sports programming in local markets. apple and samsung have reached a settlement in the u.s. patent battle, putting in end a seven-year-old fight over smartphone designs. the string of lawsuits started in 2011 when apple sued samsung for allegedly copying the design of the iphone. the settlement follows a retrial in may in which a jur

jane sydenham is investment director at rathbones investment management.s saying that i have noticed on the ftse 100 was saying that i have noticed on the ftse100 this morning some massive losers including debenhams, a department store in the uk, shares down a0% on a profit warning. but also foot asylum, it said sales were quite a bit in the year but they are worried about future months, and its shares are down a2%. there is real concern. it's really tough in the retail sector, seismic shifts in terms of the way people are spending money, consumer patterns with visiting shopping centres... people don't want these shares in their portfolio right now. this to much uncertainty about the way they are headed. scary. i suppose those relying on supply chains outsider hit by the weakness of the pound which we are seeing at the moment mainly because of this uncertainty about whether the bank of england is going to keep up with the fed. sterling hit the low point for 2018 yesterday, partly because it is not likely we will see an interest rate increase this month, ma

joining us is maike currie, who's the investment director at fidelity international.n the fear factor creeping in at the start of a new trading week, certainly in asia. they are all down, is that because of the trade spat concerns? if you have got the while's two biggest economy is going head—to—head in something as fundamental as trade, it is not good for investor sentiment and it is not good for the market and that is what we are seeing playing out in the global markets. we have seen the japanese yen strengthen and it is seen as a safe haven currency. in turmoil times investors flocked to the yen. there are rumours that the treasury department in the united states will heightened scrutiny of chinese investments in sensitive us industries and an emergency law could be in the wings. it is more and more means to an end. in addition to the trade tariffs, donald trump has said he will look into chinese companies and limit how much they can invest in us companies from everything including robotics to aerospace. china has retaliated, accusing the us of bullying tactics. it

joining us is russ mould, investment director at aj bell.ore detail. it used to be the same when america sneezed, the rest of the world catches a cold, but now it is the case that when donald trump tweets, the rest of us do what, i'm not quite sure! pay attention, but also react, that is what the markets are doing they are proving so volatile and susceptible to what is happening with these trade wars, is it a trade war? it is definitely a spat. escalation, a growing disagreement is the way to put it. it is the perfect setup for a wobbly market. they have gone up in almost a straight line for ten yea rs, in almost a straight line for ten years, they have been remarkably calm, very little volatility, and interest rates are going up in the us, the european central bank is talking about less monetary stimulus. it is a perfect setup for a nasty surprise, because everything looks so easy, markets at their most dangerous when making money looks easy, and the biggest expectations are now quite high. any possibility of upset in the form of trade, a s

if you're an investment director at a pension fund or endowment, over last year you thought about allocatingspace and the first thing you say is what if this thing is really an unregistered security? well, i better not invest in it. this is really big news. it's a green light for crypto currency it's a green light for crypto assets as an asset class how many times have i stood up at the smart board this year and said what's hurting bit coin, what's hurt ether, regulatory and clarity. we have clarity now. it's very clear when they're securities, when they're commodities. >> we have clarity on utility tokens versus other sorts of icos we've talked to him many times about coin boase about when he would list others. the sticking point is whether they are securities. now that we have clarity, are those worth the investment >> it depends what the utility's for, right >> i mean, it's like saying that if i buy a bottle of wine, right, should that be a security because i think that the bottle of wine's going to appreciate in price over the next couple of years? not really. >> my understanding though

the asia-pacific investors cooperation summit kicks off in tokyo today, bringing together investment directorsternational tension and trust funds. let's go over to the event, where we are standing by with the joint ceo of the u.k.'s most active investment managaer. > 24 coming on the program -- thank you for coming on the program. let's start with trade tensions. it is unproductive for market sentiment, but it is more than that? are we talking transition into markets? >> it is not surprising that we are going through a bit of a pause. the truth of the matter is he's kind of trade tensions every now and again create an air pocket in the market. it is only if we get a substantial follow-through, and those tensions turned into something that comes a strongly -- that becomes a strongly protectionist policy. have seen this happen before. very often what happens is markets take it into account, they have a pause, and further down the track they recover. >> we heard from daimler, they have cut their forecast because of these trade tensions. what they are essentially saying is they may not be able to

[laughter] haidi: catherine, stay with us to react fidelity international investments director in honghe first word news with paul allen in sydney. paul: china and the eu have promised to oppose trade protectionism, saying that it risks pushing the world into a recession. following talks in beijing, the vice premier says china and the eu oppose unilateralism and protectionism. president trump accuses both beijing and brussels of unfair trade. treasury secretary stephen mnuchin has denied that china is the main target of plans to use emergency laws to protect sensitive u.s. industries. eight people familiar with a plan have told bloomberg that the white house wants to declare chinese investment a security risk in areas like a new energy vehicles, robotics and aerospace. the treasury secretary says that such rulings would apply to any country, not only china. some chinese officials and academics have began to question whether the economy can withstand the sustained showdown with the u.s.. they are expressing concern in carefully worded as is circulated in china's heavily censored interne

joining me right now is tjm investments managing director tim anderson, along with capitalist pig founderhow could i not remember capitalist pig founder jonathan hoenig? my favorite name of all. gentlemen, thank you both for joining us. we're trying to come back a little bit. what changed in the last hour? people saying wait a minute, there are bargains to be had? >> a little bit of small amount of buying after the initial shock. i wouldn't put much into it ashley. what we heard announced today are taxes. tariffs are taxes on americans. what we will see higher costs and ironically lower employment. we're falling off the roof, but this has just begun. the president says he likes trade wars. they're easy to win. we'll see this escalate from china, mexico, all over the world. this isn't over yet. ashley: that said, tim, markets saying this is another spat but ultimately we believe something will get achieved? >> i think we've seen so many times when we have these trade headlines that you get some emotional driven selling early, maybe it will last for a couple of days, depending on how severe

let's starts there with tom stevenson, investment director at fidelity worldwide investments.re targeted retailer and focus on the 16 to 24 age group. new look is trying to address a wider range. you can't do that and please everybody. they are laying off workers and closing stores and you know they're ina pit closing stores and you know they're in a pit of trouble. looking at financial markets in general, we had that very historic meeting between the us president and the leader of north korea and an agreement signed at the end, would you have expected the markets to react more. they didn't take much notice did they? no, it was a bit of a shrug by the markets. we did see a bit of positive reaction in the asia equity markets as it was happening. by the time people had thought about it and it got to the european open, investors were not that fussed. they saw there was less to this than meets the eye. i think donald trump has given a lot away. to kim jong—un. and in return, kimjong—un has really given some vague assurances of working towards denuclearisation, but nothing serious.

joining us now is richard dunbar, investment director at aberdeen asset management.and most financial services and phone nigel firms are trying to do something about that —— financial firms. is that true? many people would say they are not.” firms. is that true? many people would say they are not. i believe it is true, we are trying to do that at all levels, from graduates to the top level of management, it is self—interest, if you like. experience suggests diversity in all its forms makes better decisions so if you can attract diversity and retain diversity that must be better. our profession and industry can do better but it is trying to do that. what about the markets at the moment? the pound is on the way up. maybe higher interest rates? negotiations going better on brexit? the figures were a bit better in sums of growth compared to the original statistics but the bar was pretty low —— in terms of. not much to write home about. the pound ebbs and flows in terms of brexit, and the dollar had been on a great run in the last couple of months and the shine has come o

once you start slapping taxes on import, that is a trade war. joining me now is russ mould, investment directordoes that mean it starts to slow down, and the latter is the experience where we go to the 1930s. does it drive inflation up and make things more expensive? inflation up and make things more expensive ? does inflation up and make things more expensive? does it mean that central backs have to raise interest rates more quickly? all of those things mean that is why the stock markets are down this afternoon. on the other hand, we have good corporate results. well, rolls—royce is not exactly a corporate results. the markets really like what they were saying. can you give me detail about what was said at the analyst meeting today that so encourage investors? yes, they have laid down a target of £1 billion a year in free cash flow for 2020. he said the company is better placed to exceed that target. a big part of this is the job reductions announced yesterday, no comfort to the people of derby. but he will say they don't make the cost cuts, the company is too complex and cost heavy, we will n

joining us is lawrence gosling, editorial director of what investment magazine.that later! but in terms of markets, you are watching the tech stocks in particular.l terms of markets, you are watching the tech stocks in particular. a lot of professional investors asking how long the rally in tech stocks can go. we are seeing some long the rally in tech stocks can go. we are seeing some nervousness, they are very expensive. you put the trade wars and some of the intellectual property discussions into the background with cyber security and the markets are getting twitchy. people selling? they can lock in great profit if they have held them for a while. if you have held them for a while. if you have held them for a while. if you have held the big american tech stocks through last year you made great money. frank is facebook, netflix and google —— fang. and amazon. money. frank is facebook, netflix and google —— fang. and amazonm the uk we have the treasury women's in finance charter coming out and that ties in with comments we have heard earlier this month about the

thomas duva of the investment funds board of directors is pleased with the success most not these hundred and thirty your hundred forty jobs that really secure it's a stable business and the people are earning money and that's stimulating the local economy as a result that's actually makalu economy i mean. the soil fall as a jobs engine it's not really a convincing argument when the farm was set up the goal was to create sixteen hundred jobs. to be agra vision is far from the german lenders believe they're raising the incomes of the local population with their investments there by fighting malnourishment and poverty. the are to fund kinds to be popular with religious institutions orders and pension funds. they want to invest their pastas pensions in profitable ways but the fund won't reveal the investing institutions citing banking secrecy instead. most other investors are not made public. and the funds location also raises questions. their fund is based in luxemburg the german government said that quite openly enter spawn's to a question for me there's no tax on profits there in times wh

joining us now is laura lambie senior investment director at investec wealth and investment. month laura, the petrol prices, quite a sharp jump month to month and laura, the petrol prices, quite a sharpjump month to month and we we re sharpjump month to month and we were talking about the fact it doesn't get passed on to people at the pump as quickly as goes up, when the pump as quickly as goes up, when the price falls. that's true. in may we had two spikes in the oil price up we had two spikes in the oil price up to $18 a barrel so that's one of the reasons behind it. we have also had sterling weakening against the us dollar. brent crude is priced in dollars so that has had a double whammy. but you are right, as motorists we tend to find that we are finding price increases being applied cricket than price —— applied cricket than price —— applied quicker than price decreases. we had the news earlier today about the government selling off more of its stake in the royal bank of scotland. royal bank of scotla nd bank of scotland. royal bank of scotland shares have dipped after t

public investment at this point. >> director brinkman: that is more than in the millions will be more than one muny bus. >> director reiskin: correct. new bus for articulated coac. we gotten bids on historic seat cars renovations that exceed that. >> director brinkman: directors motion to approve? second. all in favor aye. any opposed? hearing none. approved. >> clerk: 10.2, establishing resized meeting schedule for sfmta board of directors. meeting 10:00 a.m. every month. this item was at the request of the request of the member of the public. >> hopefully this my most minor item of the day. i believe that its meeting schedule is within its jurisdiction and not this board as the parent body under the sunshine ordinance. the bodies sets its own meeting schedule. i think it's unusual that you would set the schedule for the pag. they should be doing that themselves. thank you. >> director brinkman: do i have a motion to approve? >> i want to make a question. in the past, did thisoard approve the schedule? >> yes, madam chair. at the end of every year, i'm sorry i'm not the city attorney

thomas duva of the investment funds board of directors is pleased with the success most sundays of these hundred and thirty your hundred forty jobs are really secure it's a stable business for us and the people are earning money and that's stimulating the local economy as a result of intensive. economy i mean. the soil farm as a jobs engine it's not really a convincing argument when the farm was set up the goal was to create sixteen hundred jobs. will be agood vision is far from the german lenders believe they're raising the incomes of the local population with their investments thereby finding malnourishment in poverty. the are to fund claims to be popular with religious institutions orders and pension funds. they want to invest their pastas pensions in profitable ways but the fund won't reveal the investing institutions citing banking secrecy instead. most other investors are not made public. and the funds location for surveys is questioned. their fund is based in luxemburg the german government said that quite openly in response to a question from me there's no tax on profits there in

last but not least, the deputy director of the office investment and one of the nation's leading investor leading expert on compensation and corporate governance. once again my name is andy greene, managing director for economic policy here at the center for american progress. let's jump in with the conversation. >> there are so many things that by box bring to the forefront of a conversation. commissioner jackson mentioned one of them and that was the tax bill that was just past. walk us through, the arguments are made that this bill is for workers, not for management or wall street. not for companies, walk us through what's in that bill. who is it going to benefit. there's a stash of profits that they have offshore forcing this percentage point was 1.3 trillion, the total net tax of 1.5 or 1.9 trillion. there were some baseboards that reduce that cost about 600 billion and then the one time tax on the $2.6 trillion of profits that nationa multinationals had overseas and transitioning to that system and keeping it down to about 300 billion. this is still a rather large cost. it was a rat

i'm nadia, the office of the director of community investment and infrastructure. i'm here to present on amendments to the hunter's point shipyard and redevelopment plans to allow for some changes being made to the candle stick point and the shipyard phase ii project. sf gov tv, please? our agenda today is as follows rg -- follows, i'll go on the rational and provide some background on the candle stick point and the shipyard phase ii project over all. then i will walk through the amendments themselves, describe the out reach that was done over the last year and finally summarize the actions before you. to orient you, here's a map of both the hunter's point shipyard and candle stick point, an important distinction is that they are two redevelopment plans that over lapped the two different development agreements. the hunter's point shipyard development area shown in the light red colors indicates two phases of the shipyard, phase i is a smallerject and phase ii is all of the rest of the shipyard and it's part of the larger project with five point. the five point proj

working with allies in congress have been aggressively demanding information from the russian invest edition and director wray -- russia investigation and director wray, they have been threatened with impeachment. that's outrageous, something that would obviously never happened. some accommodations has been made. members of congress eager to politicize any details have reviewed the application to learn the identity of a confidential source. are you confident that kind of pressure won't influence the fbi in the future? dir. wray: we have to bring two competingave interests. we want to be responsive to congressional oversight and an obligation to protect sources and methods, ongoing criminal investigations, secrecy, and it is a challenge at times to do both, but i am confident we can do both as long as both sides are willing to work together on it. sen. leahy: thank you very much. >> senator cornyn. horowitz, i believe your report summarizes that he concealed his intention to ofe a unilateral declaration intent to pursue charges against secretary clinton. he made inappropriate comments on uncharged conduct

invested banking -- banking. they dismissed about 26 directors and managing directors.- this is mostly been focused in london. that is her latest bloomberg business flash. breaking now, the senate banking the fede has put it to vice chair position and to the board of governors of the fed here the full senate will now 18 47o consider them for again. this is bloomberg. ♪ . from new york, i am vonnie quinn caroline: live from european headquarters in london, i am caroline hyde and this is bloomberg markets. let's get to the first word news. >> in singapore, president trump and kim jong-un at sign an agreement promising peace but not a lot of details and no timetable for north korea to carry out the promise to denuclearize the korean peninsula. the president says economic sanctions will be in place but scrapping the military exercises that north korea denounced. president trump: it will save us a tremendous amount of money unless a until we see the future negotiations, it is not going along like it should. >> president trump said kim would return the remains of u.s. soldier

director of the forensic science program . while law enforcement is releasing little invested -- information, she says detectives are likely searchingor clues higrnd an the attempt what type of weapon was used in the shooting and if the weapon was somehow connected to other shootings, especially ones that took place in the park. >> reporter: investigators confirmed there were three other shooting incidents in the area. one just four days before this man was shot. those are under review as part of the current homicide investigation. sheriff's lieutenant told us of a shooting on monday morning as well. the department will not confirm the date. beaudet's brother tells our los angeles affiliate that there were two holes in the tent but it's unclear if they were bulletholes. >> is too speculative to see what they represent. the offender has to be worried this was in a very busy location and he cannot be sure who heard or saw him or what sent he left behind. >>> coming up we -- the patriarch behind one of the most legendary families entertainment has passed away. we look at the life of joe jackson. struck dramatic moments on a jet blue fl

the four director of investment is the second-largest asian source of investment in the united states. korea has shown its willingness to work with the u.s. to ensure free, fair, and reciprocal trade. our countries enjoyed $154 billion trading relationship. deep.s. and korea shared people to people ties and as good as their economic relationship is, we can do better. i support u.s. efforts to tap export opportunities and what i see as opportunities in the information sectors. i would support an access for u.s. firms and the korean market and more korean direct investment into the u.s. i strive to deepen our cultural exchanges and cooperation on global issues. i fully appreciate that i will have to come up to speed quickly. i've spent my life in uniform and that's where my expertise lies. i promise i will work hard to learn the line which of diplomacy. i have a lot to learn but i understand diplomacy as national power. committee to this do my utmost to give them safe and carry out there official duties and commit to keeping the american community and south korea of anything that could

>> director reiskin: all of what we're investing in these transit is to provide services to either meet commitments that we either have collectively as a city made t buy more vehicles and allow more development in san francisco as well as to anticipate the future development that is continually getting approved through the planning commission and board of supervisors, so i see this as we're fulfilling commitments that we've made over the years as we've authorized the purchase of buses and expansi o rail vehicles, all of which have been strongly and unanimously supported by the board of supervisors and the mayor, as well as the population increase of the city we're seeing, as you made reference to previously. but we can't accommodate that population increase with mor , so tnsit i real going to be the way that sustainably ble toove those people because we do insource our transit service, we deliver it with civil servants. that's why the increase in serviceman fests as an -- service manifests as an increase in fte's. >> supervisor cohen: we're talking about an entity that has a $1.2 millio

again, we talked to staff, meaning managing director public equities, the senior investment officer, senior investment officer or liquid credit. but again, going back to the total asset allocation and the general plan that the cio, discussed their expectations what they're trying to do, focusing on the key issues of a very good total return, a very good risk adjusted rate of return, as well as focusing on trying to minimize significant drawdowns, which means very large losses that do effect the contribution rate as well as the total funded status, funded ratio of the pension fund. i think we had very good audio on it, we did not videotape that meeting, so you missed it and want to catch up with the documents, is there are basically five working documents, plans, in the next four or five to complete the package. includes the whole risk management plan that will tie everything back together. it took staff many, many weeks to prepare that to again show us basic plans like we've been hearing for real estate and private equity for all the other asset classes, how they see their ability to

charity if you allow me the expression but as an investment well let's bring in holly or just an he's executive director of the arab center in washington who joins us via skype from there good to have you back so saudi arabia kuwait and the u.a.e. have given jordan two point five billion dollars but that's just a drop in the ocean compared to jordan's over forty billion dollar public debt is that going to be enough to really make a difference i mean that or just about cover jordan's interest payments on its loans when's it. that's true. jordan is approaching forty billion and it's ninety percent of the g.d.p. of the country and. the interest rate alone is one point nine billion annually so when you put all this together you would basically assume that this is probably a band-aid being put to it to cover necessarily a more serious bleeding that the country is suffering from economically but with all due respect i don't think this is only an economic problem jordan is suffering really from a very serious political problem that seems to be ignored and swept under the rug economic difficulties have always b

invest online. charles: inspector general michael horowitz and fbi director christopher wray testifying before the senate committee today. the bombshell report revealed mistakes that were made in handling the clinton investigation. they included a ton of anti-trump texts. this raises the issue of political bias and its role at the bureau. here to discuss. christopher bedford and beverly halberg. reading some of those exchanges, how they felt about trump voters. i would hate to be someone -- some person who voted for trump to every come under fbi investigation. i would think the belittlement of me just makes me a target. >> there is no question about it what the inspector general's report showed, there was an anti-trump, pro-hillary clinton bias in the fbi and doj. many of the people heading up that clinton investigation also headed up the trump russia probe. we also learned that james comey is also under investigation for mishandling classified information, and he broke with protocol in the clinton investigation and therefore it bolsters trump's case for firing him. it will be hard to bring an obstructio

an investment group came first, opposing the reelection of three directors. three directors are up for --lection, as tesla's mind nine-member board shows staggered terms. the largest proxy advisory firm followed suit, urging investors to vote against murdoch and pushed a separate proposal to split the role of chairman and chief executive officer. then, steve, who has been off the board for six months, an unusually long time. he just parted ways with his own firm in november after allegations of misconduct. so why all the pressure on the board? production delays. production has struggled to mass manufactured their model three and stock has suffered. valor also concerned that capital management corp. provided consulting services to tesla, for which it was reimbursed over $34,000, a potential conflict of interest. drawns board has long flak for being comprised of elon musk's closest confidence. stressed their mission to accelerate the transition to sustainable energy quote requires a board willing to commit to long-term goals. musk himself has said producing the

have these massive investments in creating the department of homeland security, the director of national intelligence. i think most people who track this field believe those were largely prudent investments. there is certainly a case could be madto how we could spend less on homeecury and achieve similar outcomes. the one that was tricky to rain and was the cost of the wars. it was difficult for a number of reasons. some of that i think they did not know exactly what was going to be handed another cases i think they wanted to lowball to the public the total cost of those wars. so we did these emergency supplementals that would come out every year. and the obama administration tried to put some discipline -- around that by creating overseas contingency operation label to compensate for all of that spending. there certain criteria for what you could put in and what you couldn't. things we saw early on what army and marine corps saying there are these updates to tanks and equipment that we wanted to do for years but we didn't have the budget for it. we bring it back from iraq or afghanistan

under various serious attack by this admission last but not least brandon reed, deputy director of office and investmentand one of the nation's leading experts on executive compensation and corporate governance. again my name is andy greene, managing director for economic policy here at the center for american progress. let's jump in with a conversation. there are so many things that buybacks bring to the forefront of the conversation and commissioner jackson mentioned one of them which was the tax bill that just passedn 2017. walk us through the arguments were made that this tax bill is for workers, not for management or wall street and not the company and walk us through what is in that bill? is it for workers and ordinary people or is it going to benefit and is this predictable or what is predicted or what is actually happening? >> it is worth remembering the extent to which the large tax cuts put on fure pnd e status of profits that multinationals have offshore in order to defer or avoid uses quota the policy and what was put on the law. fourteen percentage point cut in the corporate rate was 1.3 tr

an investment group came first, opposing the reelection of three directors.rivate equity investor, elon's brother, and the ceo of 20% rate box. 21st century fox. these three directors are up for reelection, as tesla's nine-member board shows staggered terms. the largest proxy advisory firm followed suit, urging investors to vote against murdoch and pushed a separate proposal to split the role of chairman and chief executive officer. then, steve, who has been off the board for six months, an unusually long time for the director of a public company to be in limbo. he just parted ways with his own firm in november after allegations of misconduct. so why all the pressure on the board? two words, production delays. tesla has struggled to mass manufacture their model three and stock has suffered. iss is also concerned that valor capital management corp. provided consulting services to tesla, for which it was reimbursed over $34,000, a potential conflict of interest. tesla's board has long drawn flak for being comprised of elon musk's closest confidence. in the regu

kathleen: it is been a wild ride for china's investment, and ggv capital is taking a full it advantage. as part of our venture china , the managing director the economy this year. >> 2018 is also the year of china brands, meaning china products coming to market. we will see a lot more emphasis on new products in the form of hardware, whether it is electronic vehicles, cars, china robot manufacturers or china being able to show that they is helping to leapfrog some of those young tart ups into the next generation of unicorns. >> how do you think the xiaomi ipo will play out? how much is it going to affect the capital markets? jenny: i think it will show the world that there are good quality products in chinese companies, made in china. i think it is a big company today, xiaomi, they have different products, not just phones, but the whole xiaomi ecosystem shows their capability to the world. >> do you worry about hot money in the vc's vector? jenny: we are not as concerned about hot money, if you have the ability to compete. i came to china in 2000. back then, they were about less than 1000 registered vc firms. in 2016, china has over 20,00

director matt schlapp. you both had an investment in the outcome of what happened with james comey's decisions.o, matt, let me start with you. who do you think paid the bigger price for james comey's mishandling and bad behavior? >> it is a great question. let me say the idea that they were doing an investigation of how hillary clinton hammed her e-mails and her whole use of personal e-mails and james comey was doing the same thing, i think from a bipartisan perspective, the hypocrisy and the arrogance coming out of the fbi -- >> that was a jaw dropper. i want to stop you there. that was awe jaw-dropper that the fbi f out. i'm sure y agree that james comey was using private e-mail for fbi business. not a server but private e-mail. that was one of them. go ahead. >> just to foreperson my thought, i dealt with james comey, to watch him lurch in and out with fbi decisions in a way that was clearly going to impact the campaign and then to hear after the campaign is over on his book tour he was consulting polls and he knew hbging hbg was going to win and he had to make sure she was in an incredible